ACTIVE

Marsh Re (Belgium)

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Financial year 2025 · Closed on 31/12/2025

Net result1,8 M €+47,3 %over 1 year

Gross margin9,8 M €-4,0 %over 1 year

Equity1,4 M €-28,2 %over 1 year

Workforce17,0 ETP-5,0 %over 1 year

Identity

Source · BCE/KBO

Marsh Re (Belgium) is a Public limited company incorporated in 1981. Its main activity is: Life insurance. Its registered office is in Auderghem. It employs on average 17,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0421.850.327
Incorporation: 15/07/1981
Legal form: Public limited company
Registered office: Avenue Herrmann-Debroux 2
1160 Auderghem · BruxellesSee on map
Contributed capital: 1 224 000,00 €
Latest accounts: 31/12/2025
Average workforce: 17,0 ETP

Activities (NACE)

65112Life insurance· main 65112Life insurance 66220Activities of insurance agents and brokers 66220Activities of insurance agents and brokers 67201Agents et courtiers d'assurances 66220Activities of insurance agents and brokers+1

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 17 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	9,8 M €	-4.0%	10,2 M €	+16.5%	8,8 M €	+26.1%	6,9 M €	+7.1%	6,5 M €
EBITDA	2 M €	+91.6%	1,1 M €	-1.8%	1,1 M €	+188%	374,3 k €	-43.0%	656,8 k €
Operating result	1,8 M €	+100.0%	903,7 k €	-13.2%	1 M €	+263%	286,7 k €	-58.3%	688 k €
Net result	1,8 M €	+47.3%	1,2 M €	+32.8%	901,6 k €	+638%	122,1 k €	-67.5%	375,5 k €
Balance sheet
Equity	1,4 M €	-28.2%	2 M €	-9.2%	2,2 M €	+69.3%	1,3 M €	-43.9%	2,3 M €
Total assets	27,2 M €	-30.2%	38,9 M €	+97.8%	19,7 M €	-61.6%	51,2 M €	+66.4%	30,8 M €
Cash	7,1 M €	-56.1%	16,2 M €	+428%	3,1 M €	-69.1%	9,9 M €	+68.2%	5,9 M €
Debts	25,8 M €	-29.8%	36,7 M €	+113%	17,2 M €	-65.5%	49,9 M €	+75.4%	28,5 M €
Other
Workforce	17,0 ETP	-5.0%	17,9 ETP	-6.8%	19,2 ETP	+9.7%	17,5 ETP	-0.6%	17,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 63 ended

Active mandates

Eddy VANBENEDEN

Director · since 12 juin 2019 · until 30 juin 2026

Active

Richard COCKS

Director · since 12 juin 2019 · until 30 juin 2026

Active

Ended mandates

Patrick Schepens

Managing director · since 30 octobre 2020 · until 30 juillet 2021

Ended

Patrick SCHEPENS

Managing director · since 30 octobre 2020 · until 15 juillet 2022

Ended

Patrick SCHEPENS

Managing director · since 30 octobre 2020 · until 23 mai 2024

Ended

Patrick SCHEPENS

Managing director · since 30 octobre 2020 · until 28 juin 2024

Ended

Other companies at this address

Avenue Herrmann-Debroux 2 1160 Auderghem

Company	CBE no.
Leexi● Active	0782.527.110
MARSH● Active	0403.276.906
MARSH EUROPE● Active	0456.421.226
MERCER (BELGIUM)● Active	0414.908.194
Oliver Wyman● Active	0645.633.285

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/07/2026	01/07/2025	02/07/2024	11/07/2023	25/07/2022	30/07/2021
General meeting	30/06/2026	30/06/2025	28/06/2024	30/06/2023	15/07/2022	30/07/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	10/07/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	01/07/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	02/07/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	11/07/2023	French	PDF
Abridged model	31/12/2021	15/07/2022	25/07/2022	French	PDF
Full model	31/12/2020	30/07/2021	30/07/2021	French	PDF
Full model	31/12/2019	30/10/2020	01/12/2020	French	PDF
Full model	31/12/2018	18/06/2020	22/06/2020	French	PDF
Full model	31/12/2017	26/10/2018	12/11/2018	French	PDF
Full model	31/12/2016	20/08/2018	10/09/2018	French	PDF
Full model	31/12/2015	17/04/2018	04/06/2018	French	PDF
Full model	31/12/2014	28/03/2017	05/04/2017	French	PDF
Full model	31/12/2013	21/01/2015	22/01/2015	French	PDF
Full model	31/12/2012	06/06/2013	06/06/2013	French	PDF
Full model	31/12/2011	07/06/2012	11/06/2012	French	PDF
Full model	31/12/2010	02/06/2011	06/06/2011	French	PDF
Full model	31/12/2009	03/06/2010	03/06/2010	French	PDF
Full model	31/12/2008	04/06/2009	04/06/2009	French	PDF
Full model	31/12/2007	05/06/2008	19/06/2008	French	PDF
Full model	31/12/2006	07/06/2007	11/06/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 63 ended

Active mandates

Eddy VANBENEDEN

Director · since 12 juin 2019 · until 30 juin 2026

Active

Richard COCKS

Director · since 12 juin 2019 · until 30 juin 2026

Active

Ended mandates

Patrick Schepens

Managing director · since 30 octobre 2020 · until 30 juillet 2021

Ended

Patrick SCHEPENS

Managing director · since 30 octobre 2020 · until 15 juillet 2022

Ended

Patrick SCHEPENS

Managing director · since 30 octobre 2020 · until 23 mai 2024

Ended

Patrick SCHEPENS

Managing director · since 30 octobre 2020 · until 28 juin 2024

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other21/08/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES
PDF
Mandates07/08/2026
Renouvellement Mandats Administrateurs
PDF
Mandates16/07/2025
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates30/01/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates30/07/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates21/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates19/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/07/2022
DEMISSIONS, NOMINATIONS
PDF

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 20251,8 M €↑
2024
Annual accounts 20241,2 M €↑
2023
Annual accounts 2023901,6 k €↑
2022
Annual accounts 2022122,1 k €↓
2021
Annual accounts 2021375,5 k €↓
2021
Name changeGuy Carpenter
2020
Annual accounts 20201 M €↑
2019
Annual accounts 2019-40,5 k €↓
2018
Annual accounts 2018-39,7 k €↓
2017
Annual accounts 2017-4,9 k €↓
2016
Annual accounts 201668,3 k €↓
2012
Annual accounts 2012324,9 k €↓
2011
Annual accounts 2011710,5 k €↑
2010
Annual accounts 2010677,7 k €↑
2009
Annual accounts 2009-1,1 M €↓
2008
Annual accounts 2008142,2 k €↑
2007
Annual accounts 20073,7 k €↑
2006
Annual accounts 2006557,3 €
2006
Name changeGUY CARPENTER ET COMPANY
15/07/1981
IncorporationPublic limited company

Marsh Re (Belgium)

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline